Exclusive: U.S. has ordered Broadcom to give notice of steps to redomicile - sources

(Reuters) - A U.S. national security panel has ordered Singapore-based chipmaker Broadcom to provide it with five business days' notice before taking any action toward redomiciling to the United States, three people familiar with the matter said on Friday.

The previously undisclosed requirement shows that the Committee on Foreign Investment in the United States (CFIUS), which reviews foreign acquisitions of U.S. companies for potential national security risks, is aware that its jurisdiction could be contested if Broadcom redomiciles to the United States.

The panel on Sunday ordered San Diego-based Qualcomm Inc to postpone its shareholder meeting by 30 days so it could investigate Broadcom's $117 billion hostile bid for Qualcomm.

Source:  YahooNews